Investor Opportunity – 3 Units in Prime Los Angeles Location Subject to cancelation of previous escrow!
Rare chance to own a fully tenant-occupied triplex in the heart of Los Angeles, perfect for the seasoned or beginner investor seeking steady rental income from day one. This unique property features a charming front 2-bedroom house and two additional 1-bedroom units, each located on the second level of their respective structures, offering privacy and elevated living.
Situated within walking distance to public transportation, shopping, and local amenities, this location offers strong tenant demand and long-term rental appeal. The property will be delivered as-is and with tenants in place, presenting a turnkey investment opportunity with no vacancy downtime.
Don't miss this solid income-generating property in one of L.A.’s high-demand rental markets.
Sold for $520,000
Listing Provided by: Redfin Corporation
Bought with: Redfin Corporation
$520,000
231 W 88th St, Los Angeles, CA 90003
4beds
1,907sqft
Triplex
Built in 1912
-- sqft lot
$521,200 Zestimate®
$273/sqft
$3,787 Estimated rent
Home value
$521,200
$474,000 - $573,000
$3,787/mo
Zestimate® history
Owner options
List your home for rent
$3,787/mo
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$3,787/mo
Rent Zestimate®
Refinance and save
$3,315/mo
Est. payment
Refinancing to a lower rate could help reduce your monthly payments and save thousands over the life of the loan.
$3,315/mo
Est. payment
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Zillow last checked:
Listing updated:
Listing Provided by:
Venus Martinez DRE #01206834 562-201-3772,
Redfin Corporation,
Robert Sterling DRE #01305201 714-584-2700,
Redfin Corporation
Bought with:
Venus Martinez, DRE #01206834
Redfin Corporation
Robert Sterling, DRE #01305201
Redfin Corporation
Source: CRMLS,MLS#: SB25257088
Originating MLS: California Regional MLS
Originating MLS: California Regional MLSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 3
- Full bathrooms: 3
- Main level bathrooms: 3
- Main level bedrooms: 4
Bedroom
- Features: All Bedrooms Down
Bedroom
- Features: Bedroom on Main Level
Bathroom
- Features: Bathtub, Tub Shower
Kitchen
- Features: Laminate Counters
Heating
- Wall Furnace
Cooling
- None
Appliances
- Laundry: None
Features
- Laminate Counters, Multiple Staircases, Unfurnished, All Bedrooms Down, Bedroom on Main Level
- Flooring: Carpet, Vinyl
- Has fireplace: No
- Fireplace features: None
- Common walls with other units/homes: No Common Walls
Interior area
- Total interior livable area: 1,907 sqft
Property
Parking
- Total spaces: 2
- Parking features: Concrete, Garage Faces Front, Garage
- Attached garage spaces: 2
Features
- Levels: Two
- Stories: 2
- Entry location: door
- Pool features: None
- Spa features: None
- Fencing: Chain Link,Fair Condition
- Has view: Yes
- View description: None
Lot
- Size: 5,351 sqft
- Features: Lawn
Details
- Parcel number: 6040020007
- Zoning: LAR3
- Special conditions: Standard,Trust
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Traditional
- Property subtype: Triplex
Materials
- Roof: Asphalt
Condition
- New construction: No
- Year built: 1912
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Community
- Community features: Street Lights, Sidewalks, Urban
Location
- Region: Los Angeles
Other
Other facts
- Listing terms: Cash,Cash to New Loan,Conventional
Price history
| Date | Event | Price |
|---|---|---|
| 5/1/2026 | Sold | $520,000+8.3%$273/sqft |
Source: Public Record Report a problem | ||
| 12/31/2025 | Sold | $480,000+6.7%$252/sqft |
Source:  CRMLS #SB25257088 Report a problem | ||
| 12/18/2025 | Pending sale | $449,900-18.2%$236/sqft |
Source: CRMLS #SB25257088 Report a problem | ||
| 11/9/2025 | Listing removed | $550,000$288/sqft |
Source:  SDMLS #SB25093047 Report a problem | ||
| 10/14/2025 | Pending sale | $550,000$288/sqft |
Source: CRMLS #SB25093047 Report a problem | ||
| 7/28/2025 | Price change | $550,000-8.2%$288/sqft |
Source: CRMLS #SB25093047 Report a problem | ||
| 7/3/2025 | Listed for sale | $599,000$314/sqft |
Source: CRMLS #SB25093047 Report a problem | ||
| 6/23/2025 | Contingent | $599,000$314/sqft |
Source: SDMLS #SB25105263 Report a problem | ||
| 5/12/2025 | Listed for sale | $599,000$314/sqft |
Source: CRMLS #SB25093047 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $986 +5.1% | $45,540 +2% |
| 2024 | $938 +1.1% | $44,653 +2% |
| 2023 | $927 +3.5% | $43,784 +2% |
| 2022 | $896 +2.3% | $42,932 +2% |
| 2021 | $876 -0.2% | $42,096 +1% |
| 2020 | $878 | $41,668 +2% |
| 2019 | $878 +14.1% | $40,857 +2% |
| 2018 | $769 | $40,062 +2.7% |
| 2017 | $769 +1.9% | $39,022 +2% |
| 2016 | $755 +5.3% | $38,258 +1.5% |
| 2015 | $717 -2.3% | $37,685 +2% |
| 2014 | $734 | $36,947 +2.5% |
| 2012 | -- | $36,061 +2.8% |
| 2010 | -- | $35,092 -0.2% |
| 2009 | -- | $35,176 +2% |
| 2008 | -- | $34,487 +4% |
| 2006 | -- | $33,149 |
| 2005 | -- | $33,149 +4% |
| 2004 | -- | $31,863 +1.9% |
| 2003 | -- | $31,280 +2% |
| 2002 | -- | $30,668 +4% |
| 2000 | -- | $29,478 |
Find assessor info on the county website
Neighborhood: Southeast Los Angeles
Nearby schools
GreatSchools rating
- 6/10Dr. Owen Lloyd Knox Elementary SchoolGrades: K-6Distance: 0.2 mi
- 2/10Bret Harte Preparatory Middle SchoolGrades: 6-8Distance: 0.8 mi
- 3/10Academy For Multiligual Arts And Science At Mervyn M. Dymally HighGrades: 9-12Distance: 0.5 mi
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Estimated market value
$521,200
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$521,200
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